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But rather than using the market value of the property divided by two, your local authority must base its value on the sale value of what's called your "beneficial interest to a willing buyer", which could make the valuation lower because finding a buyer willing to go into joint ownership with your son may be hard.
| David M. Rubenstein, co-founder of the private equity firm, told investors he was intentionally seeking a valuation lower than that of rivals, so that shareholders would stand to gain, Bloomberg News reports, citing an unidentified person present at the meeting.
Were this to happen it could make it much more difficult for a company to raise further funding without running the risk of a down round or a valuation lower than it desired.
Originally setting a range between $14 and $16, the company set its own valuation lower than what tech observers might have expected, given the hype of the first big tech IPO of 2017.
In the case of companies like Box, New Relic and Hortonworks, all of which went public at a valuation lower than their final private-round price, their investors effectively got to reprice their shares at the IPO, so there was very little downside risk for them.
When I was researching a story on the company in March, I was assured by one reliable source that this latest round — the one announced today — would not be a down-round, with a valuation lower than $600 million it had in 2011.
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Many banks are still trading at valuations lower than international peers.
About 16percentt of public biotechnology companies have market valuations lower than their cash on hand, according to Merrill Lynch, meaning that investors effectively assign no value to their technology.
The negative sentiment that sends asset valuations lower also tends to widen fund discounts, hurting existing holders but creating especially strong bargains for new ones.
That will help lower the cost of debt but increase the cost of equity by keeping valuations lower than they might be otherwise.
Rounds are getting much tougher to come together, with traction and revenue hurdles getting higher, valuations lower than six months ago, and terms that aren't as friendly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com